CIBC FirstCaribean funds over $1.8 billion in infrastructure projects

NASSAU, BAHAMAS – Regional bank, CIBC First Caribbean has provided over USD$1.8 billion in funding for infrastructure projects over the past three years. Of that amount, USD$500 million have gone to support energy utility companies in the Bahamas, Aruba, Curacao and Jamaica said the bank’s Chief Executive Officer Colette Delaney as she delivered remarks at […]

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Jack’s Bay to Stand out Among Resort Communities

NASSAU, BAHAMAS –  Developers of Jack’s Bay in Rock Sound, Eleuthera expect that a combination of global leadership, unique offerings and sustainability will make their resort community stand out in the marketplace. “Just as Atlantis had to happen for Baha Mar to exist, we really needed Bakers Bay and Albany to happen for Jack’s Bay […]

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$3 million to carry out immediate repairs to Grand Lucayan Resort

NASSAU, BAHAMAS – The Government has agreed to inject over $3 million to carry out immediate repairs to the Grand Lucayan Resort, and renovations are expected to begin before the end of the year, Senator Kwasi Thompson revealed on Monday. Thompson, who also serves as the Minister of State for Grand Bahama in the Office […]

BCA wants more business from foreign developers

The Bahamas Contractors Association is agitating for more international investors and developers to foster a better relationship with the association. The organization currently represents a little over 500 local contractors. While the industry boasts of an uptick in business around New Providence, and a number of Family Islands, the BCA feels that there are more […]

Over-the-Hill initiative courting local contractors

The Over-the-Hill Initiative is attempting to engage members of the Bahamas Contractors Association (BCA) to utilize their businesses and skills to inject new life into the inner city. The multi-million-dollar rejuvenation project, introduced by the Minnis administration earlier this year, aims at promoting social and economic empowerment. Samita Ferguson, Executive Manager for the Over-the-Hill Initiative […]

Multi-million dollar development under construction at Palm Cay

An ultra-luxe condominium and penthouse complex currently under construction at Palm Cay in south-eastern New Providence is expected to inject millions of dollars into the country’s economy and will provide 155 jobs for Bahamians, according to Rob Batchelor, the CEO of Palm Cay. The new addition called, “One Marina,” will feature 84 two and three-bedroom […]

PM happy with progress of The Pointe

Prime Minister Dr. Hubert Minnis, while bringing brief remarks at the topping off ceremony for the island’s newest high-rise condominium hotel, revealed that his government recently assembled a team to ensure that construction at the site, and the workforce ratio at the development, remain within the terms of agreement which was signed between both parties […]

One Particular Harbour opens at The Pointe

The Pointe celebrated the topping off of its high-rise condominium – One Particular Harbor – Thursday evening with an official tour of the eight-story complex led by executives of The Pointe development and government officials. Construction on the multi-level condominium complex began 18 months ago and as developers have finally reached the topping off phase, […]

Govt. still waiting on Oban technical report

The government-appointed committee to review the heads of agreement (HOA) with Oban Energies is still awaiting a technical report to complete its assessment to Cabinet. In an interview with the press outside Cabinet Tuesday, Labour Minister Dion Foulkes, who heads the committee, said while the investor remains committed to the deal, the committee is unsure of when […]

Sumner to meet with Disney on Lighthouse Point development again

Chamber of Commerce Chief Executive Officer (CEO) Edison Sumner said Tuesday that there will be another meeting to further discuss the proposal of a Disney lighthouse in Eleuthera. The follow-up meeting will be held in Orlando Florida. The proposed construction at the lighthouse stirred up much controversy with residents of Eleuthera who feel a Disney […]

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The Pointe debate heats up

Opposition Leader Phillip Davis insists that there is no multiple interpretations of the skills training for Bahamians and the labour component contained in the heads of agreement (HOA) between the Bahamas Government and Strategic Property and Neworld One Bay Street, developers of The Pointe Resort, as executed on 18th June 2015 Davis, in response to […]